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The Beaufort Luxury living at its finest

April 21, 2015 By Condominium Specialist

The high-rise luxury market is flourishing with monthly rentals for a three-bedroom unit, some with full views of the links at The Beaufort in Bonifacio global city (BGC) going for as high as P180,000 per month.

Expatriates, returning residents who have lived abroad and high-income households still drive this rental market targeted in BGC and in Makati, in line with Maita Herce Siquijor, a licenced estate agent who recently oversubscribed units at the project carrying the Filinvest Premier whole. She features a wide consumer base of multinational corporations.

A JLL Asia-Pacific study released at the top of 2014 explains that investment demand for this section “continued to tread absolutely supported by the healthy economic conditions and low interest rate environment.”

With units starting from P8 million for a one-bedroom up to P30 million for a three-bedroom at the East Tower, The Beaufort’s units and others during this section account for an estimated 7,000 units solely in subway Manila. the supply of luxury condominiums is proscribed for now and new comes that are completed and prepared for occupancy capture bigger interest from each lessors and investors compared to other immoderate high-end developments still within the pre-selling stage

Siquijor said that tenants of luxury units actively obtain innovations in residential comes that mean a lot of comfort and conveniences for them. For tenants with housing allowances between P100,000 to P200,000, changing residences is definitely worth the effort of moving if it suggests that they're going to enjoy benefits like having solely 3 neighbors on a floor, amenities like a mini theatre for personal screenings or plush seating areas at the lobby that have the texture of a building. These options offered by the 43-story The Beaufort are departures from the same old offerings of ultra-high finish condos.

Filinvest is comparatively new to the luxurious segment said Siquijor and investors are noticing that its units provide them a lot of price that they successively will use to draw in lessors. Completed in 2013, units at The Beaufort have already appreciated within the secondary market maybe as a result of this perception.

Once an expat in Singapore wherever her husband was appointed, she noted: “Expat tenants tend to understand low density developments with top-quality amenities just like the curtain wall of The Beaufort and its efficient area designing that build the place seem a lot of spacious than it's.”

They additionally extremely value their time and pay keen attention to the elevator-resident ratio that at The Beaufort is four units to a floor and maintained by 3 elevators per tower.

On the opposite hand, lessors who square measure closely related with the diplomatic service, who additionally seek out high-end units to rent, are terribly conscious regarding security. The Filinvest cluster addressed this concern with a complicated building management system that gives time period observance, command and management, automation and report management – all from one platform.

Each resident is issued a pre-programmed card that offers him elevator access solely from his parking floor to his residential floor, and from the bottom floor lobby to the seventh floor wherever amenities are placed.

The Beaufort has sent a message to the market that Filinvest is serious regarding establishing its mark within the luxury section.